Dick’s Sporting Goods to Buy Foot Locker for $2.4 Billion
Dick’s said it will pay $24 a share in cash for the sneaker retailer, representing a nearly 90% premium to Foot Locker’s share price.
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Alibaba Revenue Grows Despite Competition, Boosting Profit
The Chinese e-commerce giant’s fourth-quarter revenue grew even as it continued to face fierce domestic competition and geopolitical uncertainties abroad.
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Singapore Airlines Posts Another Record Annual Profit
The airline said tariffs and trade uncertainty cloud the outlook for the industry.
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Salvatore Ferragamo’s Shares Drop After Brand Turnaround Doesn’t Help Sales
The company faces a broader downturn in demand for high-end goods which has been particularly sharp in China.
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Sandal-Maker Birkenstock Lifts Earnings View After Strong Sales
The U.S.-listed company now expects constant-currency revenue growth toward the high end of its guided 15% to 17% range.
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Iveco, Thyssenkrupp Aim to Cash in on European Defense Boom
Both companies are moving ahead with plans to spin off their defense businesses as Europe pushes to rearm.
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Merck KGaA Shares Slide After Outlook Cut on Tariff, Currency Risks
Shares fell after the company cut its full-year guidance on the back of challenging macroeconomic conditions and foreign-exchange headwinds.
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Siemens Beats Views as Industrial Business Grows
The company posted better-than-expected earnings as industrial business profit grew 29%.
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Deutsche Telekom Lifts Guidance After Revenue Beats Market Expectations
The full-year outlook raise from the telecommunications company reflected strong growth in the U.S.
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Allianz Sticks to Guidance After Profit Misses Views on Higher Costs
Europe’s largest insurer by market capitalization said it was still on track to achieve its outlook for the year after first-quarter profit came in below market expectations.
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Geely’s Profit More Than Tripled on Record Sales
The Chinese automaker said it achieved record sales in the first quarter and saw robust growth in the new-energy business.
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UnitedHealth Group Is Under Criminal Investigation for Medicare Fraud
The company’s stock has declined over its financial performance and the sudden replacement of its CEO.
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Boeing, GE Aerospace Get Qatar Airways Order After Saudi AI Tech Deals
The order will support 154,000 U.S. jobs annually, the White House said.
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Cisco Systems Boosts Outlook After Posting Higher Profit, Sales
The networking-equipment company said that it now expects revenue of $56.5 billion to $56.7 billion for its current fiscal year.
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Warren Buffett Reveals He Stepped Down After Finally Feeling His Age
The legendary investor, 94, opens up about his decision to hand the top job to Greg Abel.
(END) Dow Jones Newswires
May 15, 2025 07:00 ET (11:00 GMT)
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